DeFiWarhol

I went through Polymarket’s new fee rollout, and imo this matters more than people think.
If the full fee structure had already been live, Polymarket likely would have done around $24M in net revenue in 2024 and around $54M in 2025.
For 2026, the range gets interesting.
→ Bear case around $57M
→ Base case around $97M
→ Bull case around $168M
Crypto already had fees. Some sports markets too. Now politics, finance, economics, culture, weather, and tech join the fee mix.
Fees hit harder near the middle and ease off near the edges.
So @Polymarket makes more when markets are contested, but adds les

There's a stat that's just as important as a DEX's total volume.
Top 10 DEXs by 30-day average trading volume per user:
1. @CurveFinance → $103.2K (+127.8%)
2. @tokenlon → $67.6K (+215.3%)
3. @CoWSwap → $46.9K (+75.6%)
4. @1inch → $25.9K (+197.1%)
5. @KyberNetwork → $22.9K (+350.9%)
6. @PharaohExchange → $18.8K (-16.1%)
7. @LFJ_gg → $13.7K (-23.7%)
8. @AerodromeFi → $13.1K (+203.5%)
9. @VelodromeFi → $10.5K (+268.0%)
10. @Uniswap → $9.4K (+80.2%)
This isn't institutions vs retail.
Curve owns stablecoin swaps. Uniswap handles everything.
The split is use case specialization.

ETHGas $GWEI: +397.7% | Currently at 6.0K holders
Supernova $NOVA: +91.3% | Currently at 1.4K holders
Shuffle $SHFL: +14.2% | Currently at 4.8K holders
Acurast $ACU: +13.8% | Currently at 3.2K holders
0G Labs $0G: +11.9% | Currently at 7.5K holders
River $RIVER: +11.5% | Currently at 2.1K holders
Lighter $LIT: +11.5% | Currently at 2.8K holders
Infinex $INX: +10.9% | Currently at 3.1K holders
Brickken $BKN: +10.7% | Currently at 4.9K holders
World Mobile $WMTX: +9.5% | Currently at 56.8K holders

Retail keeps blaming insider allocation for why 2025 tokens dumped.
But the story is a lot more complicated than that.
After years of retail backlash over insider-heavy distributions, projects started marketing "fair launches" and reducing allocations to teams and investors.
This was a better narrative, though the outcomes stayed the same.
I analyzed the 10 biggest launches from last year:
@monad: 46.7% insiders (27% team + 19.7% investors) → -6.4%
@hyperlane: 35.5% insiders (25% team + 10.5% early backers) → +66.6%
@animecoin: 23% insiders → -95.5%
@berachain: 51% insiders (34.3% investors +

Blockchains that have moved their focus to AI agents, a tier list ↓
Tier S: Full Identity Pivot
• @NEARProtocol: Fully rebranded as "The Blockchain for AI Agents." Shipped Agent Market, IronClaw runtime, confidential GPU marketplace, super-app, all in 2026.
• @bittensor (TAO): The chain is a decentralized ML network. Subnets compete for AI inference and agent tasks. Expanding to 256 subnets.
Tier A: AI-First Products Shipped at Scale
• @virtuals_io: 18,000+ agents deployed, $450M+ in Agentic GDP, Agent Commerce Protocol live, multi-chain (Base, ETH, Solana, Ronin), now expanding into robotics

DLSS 5 for crypto is insane.

My last AI index trade on @OverlayProtocol did not go well.
So naturally, I'm now trading the US x Iran ceasefire market.
What makes Overlay fun is the setup:
→ Polymarket: you're picking the outcome bucket you think will win
→ Overlay: you're trading leveraged exposure to the market itself
If you want to trade the market, not the outcome, Overlay gives you that option.
Most responsible thing I could do in this situation ¯\_(ツ)_/¯

MSTR chart really looks like a rugged shitcoin but on a 30-year timeframe

Iran this, Iran that
Well I ran out of all my money and the pain Isreal